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USLIFE CORPORATION COMPLETES SALE OF SECURITY OF AMERICA LIFE INSURANCE BUILDING

 NEW YORK, Sept. 30 /PRNewswire/ -- USLIFE Corporation (NYSE: USH) announced today the completion of the sale of the office building and premises of Security of America Life Insurance Company in Reading, Pa., for $5,700,000. The announcement was made by Gordon E. Crosby Jr., chairman of the board and chief executive officer of USLIFE Corporation.
 The operations of Security of America Life Insurance Company, a wholly owned USLIFE subsidiary, have been consolidated into USLIFE Credit Life Insurance Company, another USLIFE unit, located in Schaumburg, Ill.
 USLIFE Corporation is a life insurance-based holding company whose principal subsidiaries engage in the life insurance business. With nationwide operations, USLIFE has three ordinary life insurance companies and a credit insurance group with approximately $117 billion of life insurance in force as of June 30, 1993. Additionally, there are five other subsidiaries that furnish the life insurance companies with investment advisory, broker-dealer, real estate, data processing and administrative services.
 -0- 9/30/93
 /CONTACT: Richard P. Keating, vice president of corporate communications, 212-709-6227/
 (USH)


CO: USLIFE Corporation; Security of America Life Insurance Company
 USLIFE Credit Life Insurance Company ST: New York, Pennsylvania, Illinois IN: INS SU: RLE


CK-OS -- NY053 -- 7350 09/30/93 13:55 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:202
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